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Old 13-10-2014, 13:25   #46
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Re: Pantaenius Marine Insurance and the Gulf Coast

Perhaps I should be happy that "Pants" wont insure my boat. I don't like companies that kick you when you are down.
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Old 23-11-2014, 11:22   #47
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Re: Pantaenius Marine Insurance and the Gulf Coast

I asked for a quote when we bought our current boat. I was shopping around and "pants"was the only one that would not give me a quote, in other words, turned down. Having never been turned down before, I called and after talking to 3 different people(I think) I was informed they would or could not insure a boat under $50,000. I bought a barely used 1984 S-2. I am very happy I do not own a newer boat, as I do not feel insurance premiums should be close to 10% of boat values. I know people that own $250,000 boats and are afraid to use them for fear of a claim.kinda takes the fun out, I think.


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Old 23-11-2014, 12:21   #48
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Re: Pantaenius Marine Insurance and the Gulf Coast

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Originally Posted by BobnCamie View Post
I asked for a quote when we bought our current boat. I was shopping around and "pants"was the only one that would not give me a quote, in other words, turned down. Having never been turned down before, I called and after talking to 3 different people(I think) I was informed they would or could not insure a boat under $50,000. I bought a barely used 1984 S-2. I am very happy I do not own a newer boat, as I do not feel insurance premiums should be close to 10% of boat values. I know people that own $250,000 boats and are afraid to use them for fear of a claim.kinda takes the fun out, I think.
I don't understand what you mean regarding a Premium of about 10% of boat value. The insurance premium on a boat generally increases perceptually regarding boat value when the boat ages due to a bigger overall risk. That is what happens with Pantaenius.

I have a 7 year old boat insured by Pantaenius for all except war and the Premium is about 1.25% of boat value. Probably in a brand new boat it would be less. If they refused to insure your boat because they don't insure old boats how do you know what is the % Premium they would charge if they would accept that? From where come those 10%?
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Old 24-11-2014, 07:46   #49
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Re: Pantaenius Marine Insurance and the Gulf Coast

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.
I have a 7 year old boat insured by Pantaenius for all except war and the Premium is about 1.25% of boat value. ...
Sorry this is wrong. After checking it is :0,9%
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Old 24-11-2014, 08:54   #50
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Re: Pantaenius Marine Insurance and the Gulf Coast

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Sorry this is wrong. After checking it is :0,9%
The percentshge tends to go down as the value of the goes up.
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Old 24-11-2014, 10:06   #51
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Re: Pantaenius Marine Insurance and the Gulf Coast

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The percentshge tends to go down as the value of the goes up.
Sure, You risk as much to damage a 3 million yacht with a new 44ft or with a very old 44ft (probably more) and the premium for that will be independent of the boat value, so if a new boat worth 20 times more than the older one, the percentage for that regarding the older one should be 20 times bigger since the risk is the same.
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Old 24-11-2014, 12:37   #52
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Re: Pantaenius Marine Insurance and the Gulf Coast

Try Falvey Yacht Insurance. US company with great rates. Agent in Florida is Coastal insurance Delray Beach FL ask for Anthony Ballinger 561 305 2540 I just buy insurance have no other connection
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